Las Vegas Sands Corp. (NYSE:LVS – Get Free Report) was the recipient of unusually large options trading activity on Thursday. Investors acquired 107,117 call options on the stock. This is an increase of approximately 398% compared to the typical volume of 21,527 call options.
Analysts Set New Price Targets
A number of brokerages recently commented on LVS. Stifel Nicolaus reduced their price objective on shares of Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Wells Fargo & Company boosted their price target on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Morgan Stanley raised their price objective on Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday. Mizuho increased their price target on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.17.
Get Our Latest Stock Analysis on LVS
Institutional Inflows and Outflows
Las Vegas Sands Stock Performance
Shares of LVS stock traded up $0.96 during mid-day trading on Thursday, reaching $52.00. The stock had a trading volume of 2,729,171 shares, compared to its average volume of 5,748,687. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29. Las Vegas Sands has a 1-year low of $36.62 and a 1-year high of $55.65. The firm has a market cap of $38.74 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 1.48 and a beta of 1.12. The business’s fifty day moving average is $44.94 and its 200-day moving average is $44.40.
Las Vegas Sands (NYSE:LVS – Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 earnings per share. On average, research analysts forecast that Las Vegas Sands will post 2.45 earnings per share for the current year.
About Las Vegas Sands
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and Marina Bay Sands in Singapore.
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